Casualty Actuarial Society

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2009 In Focus: The Underwriting Cycle Call for Presentations

02/18/2009 —

Actuaries that work on pricing and reserving issues need to consider the effects of underwriting cycles on their analyses. The CAS will hold a Special Interest Seminar (SIS) called In Focus: The Underwriting Cycle Seminar, to be held on October 5-6, 2009 at The Westin Alexandria in Alexandria, VA located in the Washington, DC Metropolitan area. The SIS committee is requesting a call for presentations to be included in this Seminar. The presentation topics for the SIS Seminar may include, but are not necessarily limited to, the following:

  • Cycle Management: Discussing how actuaries, underwriters and other parties, including claims and the Board of Directors, have varying degrees of input in managing cycles.
  • Lessons Learned: Understanding changes from the last soft market, perhaps with a comparison across cycles and lines of business.
  • Rate Adequacy: Evaluating the issues that drive changes in rate adequacy.
  • Rate Monitoring: Measuring renewal rate changes, changes in terms and conditions, shift from E&S to standard markets, etc.
  • Cost Integrity: Estimating costs correctly, versus developing biased estimations because of a soft market.
  • Rate Integrity: Measuring rate changes correctly.
  • Balance Sheet Integrity: Evaluating the reasonability of the loss reserves in light of possible biases due to the cycle.
  • Other Factors that Affect the Cycle: Measuring expense ratio impacts of premium management, investment environment, capital markets, stock price decisions, or other cycle-related issues.
  • Role of the Broker: Understanding the effect brokers have on cycles.
  • Rating Agencies and Auditors: Evaluating whether they help to minimize the impact of underwriting cycles or exacerbate them.
  • Reinsurance: Evaluating the role of reinsurance availability and pricing on underwriting cycles.

Please submit your proposed session title, session description, speaker(s) and other requested information using the online submission process, by March 13, 2009. Please note that real-life applications, hands-on/interactive sessions, and practical case studies are welcome.

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